Binance announced the acquisition of CoinMarketCap which will now officially become its daughter company. Although CoinMarketCap has claimed to remain independent, the community anticipates there might be changes in its operation.

In October 2019, Bitcoin, Ethereum, Ripple, Monero, and many other cryptocurrencies on coinmarketcap show bearish trends. However, cryptocurrency investors have no time to wait till the market rise again.

The cryptocurrency market continues to show bullish price rally as almost all the top 100 digital currencies remain trading in the green, at press time, according to the coinmarketcap (CMC) data. Bitcoin (BTC/USD) is currently trading above $8,700 and shows a possibility of hitting and surpassing the $9000 price level, should we assume that the next bull is on the market’s door knocking.

CoinMarketCap (CMC), the crypto market data service provider, has excluded Bitfinex’s Bitcoin (BTC) price calculation from their weighted average market cap statistical analysis due to the troubles on the exchange. CMC evaluates and examines all activities on its platform by taking a vigilant observation of the chain of prices it collects from various crypto exchanges.

Bitcoin surged to the highest level a few hours after April 1 (April Fool’s day), which has led very many people in the cryptocurrency industry to believe that this factor was behind the record skyrocketing since the past five months. Meanwhile, Bitcoin (BTC/USD) is trading at $5027, according to coinmarketcap data.

Hackers have taken advantage of the digital and embryonic nature of the cryptocurrency industry, and led both crypto exchange companies and users to shed tears. Now, CoinBene, one of the leading exchanges on the market according to coinmarketcap (CMC), has announced that it wasn’t hacked. The company was only carrying out maintenance - so it tells its users not to be worried.

Bitcoin, the leading crypto by market cap, has plunged over 80% from its record high meaning that there is not much possibility for further dive. It is very likely to find a low ranging between $2,000 to $3,000. Bitcoin is currently trading at $4,037, according to coinmarketcap data.